Hydroponics is one of the fastest growing sector in the field of agriculture and is expected to dominate the food production. With rising global population and increasing urbanization, new technologies such as hydroponics and vertical farming can be the solution future solution. The market size of hydroponics is estimated at US$ 11.31 billion in 2016. North America is the fastest-growing market because of favourable government policies and legalization of marijuana in many states of the U.S. High adoption of NFT and other modern technologies such as aeroponics is projected to offer lucrative opportunities in the market.

The global hydroponics market is estimated to grow at a fast pace during the forecasted period because hydroponics approach offers higher yield when compared to the traditional agriculture methods. Several companies are entering into partnerships and signed agreements to use and promote hydroponics systems. This is also creating newer growth opportunities for the market.

Hydroponics market has a great potential for growth as it makes use of high-end technologies such as HVAC systems, LED grow light, communication technology, and so on, to offer efficient results to its users. With an increase in awareness about organic crops and better food quality, the hydroponics market shall continue growing during the forecasted period.

The hydroponics market is divided into five major geographical segments which are North America, Europe, Asia-Pacific, Middle East & Africa and Latin America. Europe region holds the highest market share and is the largest revenue contributor of the hydroponics market. The region is estimated to continue growing because of the availability of advanced techniques used in hydroponic smart greenhouse horticulture. Some countries in the Europe region have large greenhouse cultivation areas which is a contributing factor favoring the growth of hydroponics market. Next in line is the Asia-Pacific region which is witnessing a fast-paced growth due to increase in population and rise in demand for crop quality and security. The demand for food in developing countries is boosting the hydroponics market.

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